Surprising Facts Related to Heir Cash Advances
Non-Recourse Transaction The heir cash advance is not a loan. With a cash advance, an heir assigns a limited portion of his/hers inheritance. Unlike an heir loan, an assignment is a non-recourse transaction. This means that the heir will not be personally responsible to repay any portion of cash advance (other than in the case […]
Executor and Trustee Frequently Asked Questions
Q: – How is the executor or trustee of an estate chosen? A: – To begin, if there is a will or trust available, that person will be named. In the case of a will, they will be called the executor, while in the case of a trust, they will be called the trustee. If […]
Who Is Eligible For An Heir Cash Advance
Most heirs to a Probate Estate can receive a cash advance on their inheritance. This is the case regardless of the existence of a Will or not. An advance has no bearing on any of the other heirs, nor does it affect the manner in which the Estate is administered. The amount available is based […]
Time is Money: Advance on your Inheritance
Often the heirs of an estate do not have the time to wait for the entire Court directed process to be completed. The estate may need funds to update real property for sale. The property may sell for a much higher price after remodeling, than it might in its current state. Updated property may also sell much […]
